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Report No. : |
350348 |
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Report Date : |
21.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAEMPE MÖSSNER SINTO GMBH |
|
|
|
|
Registered Office : |
Hintern Hecken 3, D 39179 Barleben |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.01.1980 |
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|
|
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Com. Reg. No.: |
HRB 113092 |
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|
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Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
·
Manufacture
of other electric equipment n.e.c. ·
Wholesale
of electronic and telecommunications equipment and parts |
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|
|
|
No. of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world
in PPP terms and Europe's largest - is a leading exporter of machinery,
vehicles, chemicals, and household equipment and benefits from a highly skilled
labor force. Like its Western European neighbors, Germany faces significant
demographic challenges to sustained long-term growth. Low fertility rates and
declining net immigration are increasing pressure on the country's social
welfare system and necessitate structural reforms. Reforms launched by the
government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to
address chronically high unemployment and low average growth, contributed to
strong growth and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) per hour to take effect in 2015.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts
introduced in Chancellor Angela MERKEL's second term increased Germany's total
budget deficit - including federal, state, and municipal - to 4.1% in 2010, but
slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and
in 2012 Germany reached a budget surplus of 0.1%. The budget was essentially in
balance in 2014. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016 though the target was already reached in 2012. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. Following the March 2011 Fukushima nuclear disaster, Chancellor
Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear
reactors would be shut down immediately and the remaining plants would close by
2022. Germany plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. Before the shutdown of the eight reactors, Germany relied on nuclear power
for 23% of its electricity generating capacity and 46% of its base-load
electricity production. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
LAEMPE
MÖSSNER SINTO GMBH
Company Status: active
Hintern Hecken 3
D 39179 Barleben
Telephone:039202/6920
Telefax: 039202/692170
Homepage:
www.laempe.com
E-mail: runge@laempe.com
DE142403065
Business relations are permissible.
LEGAL FORM Private
limited company
Date
of foundation: 21.01.1980
Shareholders'
agreement: 21.01.1980
Registered on: 17.01.2002
Commercial Register: Local court 39576 Stendal
under: HRB
113092
EUR 8,100,000.00
Shareholder:
Mössner Vermögens- und
Beteiligungsgesellschaft
mbH
Robert-Koch-Str. 31a
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 120,000.00
Share: EUR 4,860,000.00
Registered on: 11.09.2001
Reg. data: 80333 München,
HRB 139040
Shareholder:
Sintokogio Ltd.
Dai-Nogoya Building, 7F
3-28-12 Meieki
Nakamura-ku
J 450-0002 Nagoya
Legal form: Other legal
form
Share: EUR 3,240,000.00
Manager:
Rudolf Wintgens
D 79650 Schopfheim
having sole power of
representation
born: 22.08.1968
Marital status: married
Manager:
Andreas Werner Mössner
Lilienstr. 2
D 81669 München
having sole power of
representation
born: 05.12.1979
Further functions/participations of Andreas
Werner Mössner
(Manager)
General partner:
A. Mössner Invest GbR
Mössner Andreas
Mössner Renate
Robert-Koch-Str. 33
D 82031 Grünwald
Legal form:
Partnership under the Civil Code
General partner:
Andreas Werner Mössner
Christoph Kondrad
Mössner Birgit Mössner
D 82031 Grünwald
Legal form: Partnership
under the Civil Code
Manager:
Mössner Invest GmbH
Robert-Koch-Str. 31a
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.11.2012
Reg. data: 80333 München, HRB 201900
17.01.2002 - 29.08.2005 Laempe + Gies GmbH
Friedrich-List-Str. 8
D 39122 Magdeburg
Private limited
company
30.08.2005 - 16.10.2005 Laempe GmbH
Friedrich-List-Str. 8
D 39122 Magdeburg
Private limited
company
16.10.2005 - 19.05.2015 Laempe & Mössner GmbH
Hintern Hecken 3 OT
D 39179 Barleben
Private limited
company
21.07.2011 - 04.07.2013 Manager
Richard Schmidhofer
D 81929 München
Sectors
27900
Manufacture of other electric equipment n.e.c.
46520
Wholesale of electronic and telecommunications equipment and parts
Branch:
Laempe Mössner Sinto GmbH
Grienmatt 32
D 79650 Schopfheim
TEL.: 07622/680-0
FAX.:
07622/680-391
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Hintern Hecken 3
D 39179 Barleben
Type of ownership: proprietor
Share: 100.00 %
Address Hintern Hecken 3 OT Meitzendorf
D 39179 Barleben
Real Estate of: Rudolf Wintgens
Type of ownership: Tenant
Address Geilenkirchener Str. 129
D 52477 Alsdorf
Land register documents were not available.
Principal bank
COMMERZBANK, 39001 MAGDEBURG
Sort.
code: 81040000, Account no.: 203330600
BIC: COBADEFFXXX, IBAN: DE16810400000203330600
Turnover: 2014 *EUR 47,250,000.00
Equipment: EUR 766,336.00
Ac/ts receivable: EUR 17,946,662.00
Liabilities: EUR 8,438,489.00
Total numbers of vehicles: 20
Employees:
300
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 42.90
Liquidity ratio: 2.52
Return on total capital [%]: 13.82
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 26.23
Liquidity ratio: 2.23
Return on total capital [%]: -6.45
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 39.24
Liquidity ratio: 10.00
Return on total capital [%]: -16.91
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 40.30
Liquidity ratio: 10.00
Return on total capital [%]: 17.36
Equity ratio
The
equity ratio indicates the portion of the equity as compared
to
the total capital. The higher the equity ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a
company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the
company's financial dependancy from external creditors.
Return on total capital
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with the invested capital.
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 27,728,379.81
Start-up / business expansion expenses EUR 43,165.08
Fixed assets
EUR 7,024,514.75
Intangible assets
EUR 1,561,652.73
Other / unspecified intangible assetsEUR 1,561,652.73
Tangible assets EUR 4,649,177.33
Land / similar rights
EUR 3,266,134.27
Plant / machinery
EUR 616,707.09
Other tangible assets / fixtures and
fittings
EUR 766,335.97
Financial assets
EUR 813,684.69
Shares in participations /
subsidiaries and the like
EUR 641,195.33
Shares in related companies
EUR 500,001.00
Shares in investee companies
EUR 141,194.33
Other / unspecified financial assets EUR 172,489.36
Current assets
EUR 20,581,744.32
Stocks
EUR 1,695,925.73
Accounts receivable
EUR 17,946,662.35
Amounts due from related companies
EUR 173,087.69
Amounts due from investee companies
EUR 41,759.34
Other debtors and assets
EUR 17,731,815.32
Liquid means
EUR 939,156.24
Remaining other assets
EUR 78,955.66
Accruals (assets)
EUR 78,955.66
LIABILITIES EUR 27,728,379.81
Shareholders' equity
EUR 8,684,775.70
Capital
EUR 8,100,000.00
Subscribed capital (share capital)
EUR 8,100,000.00
Balance sheet profit/loss (+/-)
EUR 584,775.70
Profit / loss brought forward
EUR -2,616,011.78
Annual surplus / annual deficit
EUR 3,200,787.48
Items between shareholders' equity and
debt capital EUR 3,622,391.81
Allowances / bonuses
EUR 622,391.81
Mezzanine financing
EUR 3,000,000.00
Participation
certificate/participation rights
capital EUR 3,000,000.00
Provisions
EUR 6,982,348.78
Liabilities
EUR 8,438,488.52
Financial debts
EUR 3,207,068.93
Liabilities due to banks
EUR 3,207,068.93
Other liabilities
EUR 5,231,419.59
Liabilities due to shareholders
EUR 370,000.00
Unspecified other liabilities
EUR 4,861,419.59
Other
liabilities EUR 375.00
Deferrals (liabilities)
EUR 375.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 29,155,446.66
Staff expenses
EUR 13,081,506.77
Wages and salaries
EUR 10,846,313.73
Social security contributions and
expenses for pension plans and
benefits EUR 2,235,193.04
Total depreciation
EUR 1,025,514.90
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,025,514.90
Other
operating expenses EUR 10,059,824.21
Operating result from continuing
operations
EUR 4,988,600.78
Interest result (+/-)
EUR -686,766.52
Interest and similar income
EUR 9,672.43
Interest and similar expenses
EUR 696,438.95
Financial result (+/-)
EUR -686,766.52
Result from ordinary operations (+/-)
EUR 4,301,834.26
Extraordinary expenses
EUR 516,551.07
Extraordinary result (+/-)
EUR -516,551.07
Income tax / refund of income tax (+/-)EUR -558,803.47
Other taxes / refund of taxes
EUR -25,692.24
Tax
(+/-)
EUR -584,495.71
Annual surplus / annual deficit
EUR 3,200,787.48
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 19,135,882.25
Start-up / business expansion expenses EUR 168,677.56
Fixed assets
EUR 6,389,360.48
Intangible assets
EUR 931,709.57
Other / unspecified intangible assetsEUR 931,709.57
Tangible assets
EUR 4,642,967.45
Land / similar rights
EUR 3,383,509.20
Plant / machinery
EUR 568,370.29
Other tangible assets / fixtures and
fittings
EUR 691,087.96
Financial assets
EUR 814,683.46
Shares in participations /
subsidiaries and the like
EUR 541,195.33
Shares in related companies
EUR 400,001.00
Shares in investee companies
EUR 141,194.33
Loans to participations /
subsidiaries and the like
EUR 110,900.00
Loans to related companies
EUR 110,900.00
Other / unspecified financial assets EUR 162,588.13
Current assets
EUR 12,510,486.37
Stocks
EUR 2,950,127.02
Accounts receivable
EUR 8,788,258.54
Amounts due from related companies
EUR 179,295.13
Amounts due from investee companies
EUR 15,830.55
Other debtors and assets
EUR 8,593,132.86
Liquid means
EUR 772,100.81
Remaining other assets
EUR 67,357.84
Accruals (assets)
EUR 67,357.84
LIABILITIES EUR 19,135,882.25
Shareholders' equity
EUR 5,483,988.22
Capital
EUR 8,100,000.00
Subscribed capital (share capital) EUR
8,100,000.00
Balance sheet profit/loss (+/-)
EUR -2,616,011.78
Profit / loss brought forward
EUR -1,673,134.75
Annual surplus / annual deficit
EUR -942,877.03
Items between shareholders' equity and
debt capital
EUR 3,706,262.96
Allowances / bonuses
EUR 706,262.96
Mezzanine financing
EUR 3,000,000.00
Participation
certificate/participation rights
capital
EUR 3,000,000.00
Provisions
EUR 5,229,989.47
Liabilities
EUR 4,715,266.60
Financial
debts EUR 3,352,356.18
Liabilities due to banks
EUR 3,352,356.18
Other liabilities
EUR 1,362,910.42
Liabilities due to shareholders
EUR 3,816.93
Liabilities due to investee companiesEUR 2,381.98
Unspecified other liabilities
EUR 1,356,711.51
Other liabilities
EUR 375.00
Deferrals (liabilities)
EUR 375.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 20,825,227.57
Staff expenses
EUR 11,698,853.62
Wages and salaries EUR 9,775,498.65
Social security contributions and
expenses for pension plans and
benefits
EUR 1,923,354.97
Total depreciation
EUR 1,116,380.45
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,116,380.45
Other operating expenses
EUR 8,587,111.74
Operating result from continuing
operations EUR -577,118.24
Interest result (+/-)
EUR -580,787.38
Interest and similar income
EUR 197,918.26
Interest and similar expenses
EUR 778,705.64
Financial result (+/-) EUR -580,787.38
Result from ordinary operations (+/-)
EUR -1,157,905.62
Extraordinary income
EUR 370,000.00
Extraordinary expenses
EUR 119,728.31
Extraordinary result (+/-)
EUR 250,271.69
Income tax / refund of income tax (+/-)EUR -4,927.67
Other taxes / refund of taxes
EUR -30,315.43
Tax
(+/-) EUR -35,243.10
Annual surplus / annual deficit
EUR -942,877.03
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.09 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.70.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.